Gibran Huzaifah

Gibran Huzaifah is the founder of eFishery, an Indonesian agritech startup. He is currently newsworthy due to a significant financial scandal involving his company. Malaysia's state pension fund, Kumpulan Wang Persaraan Diperbadankan (KWAP), invested US$47.7 million in eFishery in July 2023. However, this investment has recently been revealed to be the result of an orchestrated fraud, according to Malaysia's finance ministry. The Malaysian Anti-Corruption Commission has launched an investigation into the losses incurred by KWAP. While the ministry stated that KWAP's investment process was robust, the confirmation of fraud highlights a major issue. The current relevance lies in the ongoing investigation and the potential implications for eFishery, its founder Gibran Huzaifah, and the trust in cross-border investments, particularly those involving state pension funds.